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BetFlag
BetFlag is an Italian bookmaker run by BetFlag S.p.A. under ADM concession 16008. As well as sports and live betting it runs a betting exchange, offers fixed-odds and tote horse racing, and pays out instantly to cards and e-wallets.
About BetFlag
BetFlag is an Italian bookmaker run by BetFlag S.p.A. of Rome, online since 2009 and sharing its Rome address and VAT group with Goldbet and Planetwin365. Alongside a standard sportsbook with pre-match and live betting, it runs a betting exchange, plus horse racing and virtual sports.
Is BetFlag Licensed?
Yes. The ADM list of remote-gaming concessions shows concession 16008, held by Betflag S.p.a., for www.betflag.it, and the site footer states "Conc. n. 16008". You can play and win before your identity document is validated, but you cannot withdraw until it is.
What Can You Bet On?
- Sports: football and other sports pre-match and live, plus virtual sports and Totocalcio.
- Betting exchange: bet against other customers, lay a selection as a bookmaker would, and trade out of a position before the event ends.
- Horse racing: fixed-odds and tote bets, with win, place, forecast (accoppiata), trio/Tris, quartè and quintè. Results are made official by ADM through Sogei, and bets on a horse withdrawn before the start are refunded.
How Do Deposits and Withdrawals Work?
- Deposits: bank transfer, instant transfer (Rapid Transfer), credit or prepaid cards, PayPal, Skrill, Neteller, MuchBetter, BetFlag top-up vouchers from Euronet/Epay outlets, OnShop vouchers and Paysafecard. Instant bank transfers are not credited instantly, because BetFlag credits them once the payment shows in its BancoPosta account.
- Withdrawals: Postepay, credit card, bank transfer, transfer collected at a post office counter, and PayPal, Skrill, Neteller and MuchBetter. "Immediate withdrawal" processes requests at once for cards, Postepay (from the second withdrawal) and e-wallets. You can cancel a withdrawal while it is still being processed.
- Same method: you can only withdraw to a card you have already deposited with (minimum first deposit €5). Deposited money can only be used for betting; only winnings can be withdrawn.
Sources
Pros & Cons
What We Like
- +Betting exchange with back and lay
- +Instant withdrawals to cards and e-wallets
- +Fixed-odds and tote horse racing
Worth Knowing
- −Deposits can only be used for betting, not withdrawn
- −No withdrawals until your ID is validated
Payment Methods
Accepted Currencies
Where BetFlag Is Available
The countries we have checked so far. BetFlag may operate in others that are not listed yet.